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Swifty Corporation has the following capital stock outstanding at December 31, 2020: 9% Preferred stock, $100 par value, cumulative 14,000 shares issued and outstanding $1,400,000
Swifty Corporation has the following capital stock outstanding at December 31, 2020: 9\% Preferred stock, \$100 par value, cumulative 14,000 shares issued and outstanding $1,400,000 Common stock, no par, \$10 stated value, 570,000 shares authorized, 320,000 shares issued and outstanding 3,200,000 The preferred stock was issued at $126 per share. The common stock was issued at an average per share price of $15. Prepare the paid-in capital section of the balance sheet at December 31, 2020
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